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SOLV Energy (NASDAQ: MWH) COO’s 70K-unit redemption detailed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SOLV Energy, Inc. (MWH) reported that Chief Operating Officer Kevin J. Deters disposed of derivative interests tied to the company through an internal partnership structure. On 2026-08-19, 70,176 SOLV Energy Management Holdings LP Units ("MH Units") were automatically and non-discretionarily redeemed pro rata under the MH Limited Partnership Agreement and the SOLV Energy Holdings LLC operating agreement in connection with a sale of Class A common stock by SOLV Energy Management Holdings LP. Each MH Unit is economically linked one-for-one to Class A common stock via Opco LLC Interests and related Class B shares. Following this required redemption, Deters holds 1,124,701 MH Units.

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Insider Deters Kevin J.
Role Chief Operating Officer
Sold 70,176 shs
Type Security Shares Price Value
Sale SOLV Energy Management Holdings LP Units F1, F2, F3, F4 70,176 -- --
Holdings After Transaction: SOLV Energy Management Holdings LP Units — 1,124,701 shares (Direct)
Footnotes (4)
  1. F1. Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
  2. F2. (Continued from footnote 1) Upon a redemption or direct exchange of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
  3. F3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata redemption of 70,176 MH Units held by the Reporting Person (and the corresponding (i) direct exchange of an equal number of Opco LLC Interests held by MH and (ii) the cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the sale of Class A common stock by MH.
  4. F4. Represents a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by MH.
MH Units disposed 70,176 MH Units Required, automatic and non-discretionary pro rata redemption on 2026-08-19
Price per MH Unit $27.77 per MH Unit Equal to sale price per share of Class A common stock sold by SOLV Energy Management Holdings LP
MH Units held after transaction 1,124,701 MH Units Total SOLV Energy Management Holdings LP Units reported as directly owned following the redemption
Underlying Class A common stock 70,176 shares Number of Class A common stock shares underlying the redeemed MH Units on a one-for-one basis
Limited Partnership Agreement financial
"Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP"
A limited partnership agreement is the legal rulebook that sets out how a limited partnership is run, naming who manages the business, how profits and losses are split, and what rights and responsibilities each partner has. For investors, it matters because it defines who makes decisions, how much liability they carry, how and when they can get their money back, and how returns are distributed—like a household budget and authority chart for a shared venture.
Opco LLC Interests financial
"redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election"
Class B common stock financial
"shares of Class B common stock of the Issuer held by MH will be surrendered"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
non-discretionary pro rata redemption financial
"represents the required, automatic and non-discretionary pro rata redemption of 70,176 MH Units"
underwriting discounts or commissions financial
"cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions"

FAQ

What insider transaction did SOLV Energy, Inc. (MWH) disclose for Kevin J. Deters?
SOLV Energy disclosed that Chief Operating Officer Kevin J. Deters had 70,176 MH Units automatically and non-discretionarily redeemed on 2026-08-19 in connection with a sale of Class A common stock by SOLV Energy Management Holdings LP.

How many SOLV Energy Management Holdings LP Units did Kevin J. Deters dispose of in this Form 4 for MWH?
Kevin J. Deters disposed of 70,176 SOLV Energy Management Holdings LP Units through a required, automatic and non-discretionary pro rata redemption tied to a sale of Class A common stock by SOLV Energy Management Holdings LP.

What holdings does Kevin J. Deters report after the transaction in SOLV Energy, Inc. (MWH)?
After the 70,176-unit redemption, Kevin J. Deters reports 1,124,701 SOLV Energy Management Holdings LP Units remaining, reflecting his continuing indirect economic exposure to SOLV Energy, Inc. through the partnership and Opco LLC Interests structure.

What was the implied price per MH Unit in Kevin J. Deters’ transaction for MWH?
A footnote states that the transaction reflects a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by SOLV Energy Management Holdings LP, linking the MH Unit value to that equity sale price.

Was Kevin J. Deters’ SOLV Energy (MWH) transaction discretionary or automatic?
A footnote explains the transaction was a required, automatic and non-discretionary pro rata redemption of 70,176 MH Units under the MH Limited Partnership Agreement and Opco LLC Agreement, triggered by a sale of Class A common stock by SOLV Energy Management Holdings LP.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Deters Kevin J.
(Last)(First)(Middle)
C/O SOLV ENERGY, INC.
16680 WEST BERNARDO DRIVE
(Street)
SAN DIEGO CALIFORNIA 92127
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SOLV Energy, Inc. [ MWH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
SOLV Energy Management Holdings LP Units(1)(2)08/19/2026S70,176(3) (1)(2) (1)(2)Class A Common Stock70,176(3)(4)1,124,701D
Explanation of Responses:
1. Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
2. (Continued from footnote 1) Upon a redemption or direct exchange of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata redemption of 70,176 MH Units held by the Reporting Person (and the corresponding (i) direct exchange of an equal number of Opco LLC Interests held by MH and (ii) the cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the sale of Class A common stock by MH.
4. Represents a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by MH.
/s/ Adam S. Forman, attorney-in-fact08/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR